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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Techno Mathematical Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円74.8 Mil. Techno Mathematical Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,945.8 Mil. Therefore, Techno Mathematical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.84%.
The historical rank and industry rank for Techno Mathematical Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3787'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.18 Med: -3.11 Max: 4.61
Current: 4.61
During the past 13 years, Techno Mathematical Co's highest Return-on-Tangible-Asset was 4.61%. The lowest was -14.18%. And the median was -3.11%.
TSE:3787's Return-on-Tangible-Asset is ranked better than 58.23% of 2897
companies
in the Software industry
Industry Median: 2.17
vs TSE:3787: 4.61
Techno Mathematical Co (TSE:3787) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Techno Mathematical Co Return-on-Tangible-Asset Related Terms
Techno Mathematical Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Techno Mathematical Co's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Techno Mathematical Co Return-on-Tangible-Asset Chart
TSE:3787 vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Techno Mathematical Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Techno Mathematical Co Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Techno Mathematical Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Techno Mathematical Co's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.84% mean?
Techno Mathematical Co (TSE:3787) has a Return-on-Tangible-Asset of 3.84% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Techno Mathematical Co and its competitors. According to the industry distribution chart, Techno Mathematical Co ranks #1210 out of 2897 companies in the Software industry, placing it in the top 41.8%.
Is Techno Mathematical Co's Return-on-Tangible-Asset too high?
Techno Mathematical Co's current Return-on-Tangible-Asset is 3.84%. The Software industry median Return-on-Tangible-Asset is 2.17. Techno Mathematical Co's value of 3.84% is 77% above this industry median. Based on the distribution chart, Techno Mathematical Co ranks #1210 out of 2897 companies in the Software industry, which is above the industry midpoint. Overall, Techno Mathematical Co has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Techno Mathematical Co's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Techno Mathematical Co ranks #1210 out of 2897 companies for Return-on-Tangible-Asset. This puts Techno Mathematical Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.17. Techno Mathematical Co's value of 3.84% is 77% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Software company?
The median Return-on-Tangible-Asset among Software companies is 2.17, based on 2,897 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Techno Mathematical Co's current Return-on-Tangible-Asset of 3.84% is 77% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Techno Mathematical Co and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Mathematical Co's current Return-on-Tangible-Asset is 3.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Mathematical Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Mathematical Co (TSE:3787) is currently considered Significantly Undervalued. The stock's GF Value™ is 円782.01, compared to a current price of 円329.00 — trading 57.9% below its estimated fair value. The current Return-on-Tangible-Asset is 3.84% and 77% above the Software industry median of 2.17. Techno Mathematical Co's overall GF Score™ is 47/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Techno Mathematical Co (TSE:3787), the current Return-on-Tangible-Asset is 3.84% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Techno Mathematical Co (TSE:3787) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Mathematical Co stock appears to be undervalued.
The current stock price of 円329.00 is trading 57.9% below its estimated GF Value™ of 円782.01.
GuruFocus considers Techno Mathematical Co to be Significantly Undervalued.
Key valuation signals for TSE:3787:
Return-on-Tangible-Asset: 3.84%
GF Value™: 円782.01 vs. price of 円329.00 (57.9% below fair value)
Industry Position: 77% above the Software median (#1210 of 2897)
No single metric tells the full story. See the TSE:3787 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Mathematical Co Ltd is a Japan-based company engaged in the development and sale of software and hardware related products. The company provides various kinds of machines to make images, audio, and voice-related software intellectual property development. It offers varieties of products and services, of apparatus, noise reduction, still pictures, one-seg, multimedia broadcasting, window media, low latency and others.
47GF Score
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